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Top 10 Common Interview Questions in SAP S/4HANA FICO

Here's a step-by-step process on How to add a Fiori app role to a user in SAP.

A Field Status Variant (FSV) is a configuration object in SAP FI that defines how field status groups are applied across company codes. It acts as a container for multiple Field Status Groups, and it determines which fields appear during document entry and how they behave. It is Created at Client Level and can be Used for Multiple Company Codes.

A Fiscal year is the accounting year used by a company to record and report financial transactions. It's the period for which financial statements like the Balance Sheet and Profit & Loss ( P&L ) are prepared.

In the world of SAP, data migration plays a critical role during implementation, rollout, and support projects. One of the most popular tools provided by SAP for this purpose is LSMW (Legacy System Migration Workbench).

The chart of accounts is a variant that contains the structured list and basic information of a general ledger accounts.

The Pricing Procedure in SAP MM determines how the system calculates the price of a material during purchasing or procurement.

Open items are line items in an account that are not yet cleared or offset by a corresponding transaction.

List of T-Codes in SAP FICO

Validation and Substitution are functionalities used to enforce business rules and automatically modify data entered in SAP system

Hold Document - Hold Document refers to a Temporarily saved document for incomplete data or contain valid information but are not ready...

General Ledger document posting refers to the process of recording financial transactions in the G/L accurately, and it provides a basis. ..

The configuration of Material Master in SAP is a pivotal step in fine-tuning an enterprise's ERP system to manage materials effectively.

LTMC is a tool which allows you to transfer data from Non SAP system to SAP system. LTMC transfers Master Data, transactional data & balance